NO. 29


Financial and Banking News

Bank Results

Bank of Oman Shows Steady Profit Rise to Dh107mn during 1990

Dubai-based Bank of Oman has declared profits of Dh107.4mn for 1990, a 5.3%rise from 1989. A dividend of 10% has been proposed. Provisions continue to be asignificant drag on the bank's performance, although its profitability ratiosare around average for the region. Overall, the bank has survived the Gulfcrisis well, and its 1990 results show continuity with recent...